Elliman Report: Manhattan/Brooklyn Rentals 1-2013

…Median rental price
increased 2.6% from the same period
last year to $3,150. After a 12-month
stretch showing a robust 7.5% average
year-over-year increase, the most recent
four months increased by an average
of 1.6%. Average rental price rose 1.6%
to $3,794 and average rental price per
square foot increased 3.2% to $50.71
over the same period. In a year of limited
rental concessions, the year-over-year net
effective median monthly rent increased
2.6%, as did face rent…

Matrix Blog

Read my latest Bloomberg View column Income Inequality Hits the Housing Market. This article turned out to be my most-commented on piece so far. The topic of affordability generates a hotbed of conversation. Here’s an excerpt… There’s been plenty of… Read More